Worksheet-2

Session: 2024-25
Class: XI
Subject: BUSINESS STUDIES
Ch-2. Forms of Business Organisation (Formation of a Company)

OBJECTIVE TYPE QUESTION CARRYING ONE MARK

1. Application for approval of name of a company is to be made to 1
(a) SEBI
(b) registrar of Companies
(c) Government of India
(d) government of state in which company is to be registered.
2. A proposed name of the company is considered undesirable if 1
(a) it is identical with the name of an existing company.
(b) it resembles closely with the name of an existing company.
(c) it is an emblem of government of India, United Nations, etc.
(d) In case of any of above
3. A prospectus is issued by 1
(a) a private company
(b) a public company seeking investment from public
(c) a public enterprise
(d) a public company
4. Minimum authorised share capital required for an OPC is rupees __________ and it cannot 1
exceed rupees __________ .
5. Memorandum of a company is also called __________ of the company.
1
SHORT ANSWER TYPE QUESTIONS THREE OR FOUR MARKS
6. Who is a Promoter? 3

7. Mr. James, a promoter of Richi Rich Ltd., submitted all relevant documents with the 3
registrar of companies and obtained the certificate of incorporation. The directors
decided
to go for capital subscription and took advice of Mr. James who decided to disclose all
factual information in the public document on the basis of which the general public will
apply for the shares.
(a) Which document has been referred here by the promoter?
(b) Name and state the stage when the shares are issued.
8. State the feasibility studies in case of formation of a company. 3

9. A promoter is like a parent to a joint stock company .explain in detail the role of a 4
promoter and his legal status in the formation of a company.
10. Write short note on- 4
(i) Qualification shares
(ii) Statutory Declaration
LONG ANSWER TYPE QUESTIONS FIVE OR SIX MARKS
11. How many clauses does a Memorandum of Association contain? Explain. 6

12. A private company can start business immediately after getting certificate of 6
 incorporation, but a public company needs to undergo with one more stage. Explain.
13. State the documents require for the incorporation of a company. 6

14. Explain privileges to a Private Limited Company over a Public Company. 6

15. Difference between MOA & AOA. 6